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HDTV maker Loewe surges, even as it nixes Apple rumor

Considering Apple's penchant for secrecy and efforts to keep past acquisitions out of the spotlight, Loewe shareholders are seemingly not so sure they can trust the company's dismissal.


An unconfirmed report that was ultimately dismissed by management isn't enough to turn shareholders off to German HDTV maker Loewe.

The company's shares today are up 22 percent to 5.55 euros following rumors that it would be acquired by Apple as early as this week. AppleInsider, an Apple-tracking Web site, reported on Saturday that it had received a report from a source claiming Apple had offered a buyout deal for a slight premium on the company's stock price, and Loewe's financial advisers had "been advised" to take the offer.

AppleInsider made it clear that it had been unable to confirm the claim, and said only that it was being shared "in the interest of discussion." Loewe quickly followed that up with a statement to German Web site Heise (Translate), saying that there was "absolutely nothing to" the rumor.

Considering Apple's penchant for secrecy and its decisions in the past to keep acquisitions out of the spotlight, shareholders are seemingly not too sure they can trust the company's comments on the matter.

For its part, Apple hasn't commented publicly on any plans to acquire an HDTV maker, let alone Loewe. In fact, the company hasn't even said whether it will build a television, despite countless rumors saying that it will.

Just last week, Foxconn chief Terry Gou said in a news conference, according to China Daily, that his company is currently preparing its facilities for an Apple television, but "development or manufacturing has yet to begin."

(Via Reuters)